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This report serves as an update to FAS Jakarta’s previous report outlining Indonesia’s plans to impose a 12-percent value-added tax (VAT) for luxury agricultural products (please see GAIN Report ID2024-0053).
On November 18, 2024, the Government of Indonesia (GOI) issued Regulation No. 19/2024 on the Supervision of Genetically Engineered Food which updates the labeling requirements for genetically engineered (GE) products, and regulates microbial biotechnology, genome editing, and the food safety assessment of products with stacked genes
On December 16, 2024, the Government of Indonesia (GOI) announced the increase in value-added tax (VAT) from the current 11 percent to 12 percent on selected goods and services, effective January 1, 2025. In addition, a separate 12 percent luxury goods sales tax will newly be applied for luxury products intended for high-end Indonesian consumers (luxury VAT).
Private sugar mill expansion and higher rainfall as a result of La Nina weather patterns are expected to increase sugarcane yields, leading to increased sugar production in 2022/23. Despite the expected increase in production, imports of raw sugar are also forecast to increase, mainly due to higher sugar demand from the growing food and beverage industry.
The 2021 U.S. Agricultural Export Yearbook provides a statistical summary of U.S. agricultural commodity exports to the world.
Declining cases of COVID-19 globally and domestically are expected to increase overall demand for textile and textile products. Therefore, following an 8.2 percent decline in 2020/21, cotton imports are expected rebound by 12.7 percent to 2.6 million bales in 2021/22.
The Indonesian Agricultural Quarantine Agency (IAQA) has updated the Fresh Food of Plant Origin (FFPO) requirements under its Prior Notice system. This report details the updated requirements, which will enter into force on May 10, 2022.
Indonesia currently imports 60 percent of the raw materials needed for its growing food processing industry. In 2021, exports of U.S. agricultural products to Indonesia increased by nine percent largely due to higher demand for soybean, beef, and corn.